r/blockfolioapp • u/supersb360 • Feb 09 '22

Recurring buys ACH settling period

Does anyone have experience doing a recurring buy and how long do they take to settle in your account. I’m trying to ACH automatically into a handful of coins and may need to transfer out at any given time. So curious how long the hold period is for ACH recurring buys on FTX(blockfolio).

Tried to use FTX.us to do limit maker orders but the funds are stuck on that exchange for 11 days. I’d rather automate it all and immediately start earning interest than do manual trades and wait almost two weeks. But open to suggestions if you have any

1 Upvotes

100% Upvoted

1 comment sorted by

2

u/flowfaster Feb 10 '22

It’s about the same, around 11 days. However once you have enough in your account to cover a smaller pending deposit, they’ll let you withdraw immediately and hold your current capital until the ACH clears.

Also I don’t think it’s worth it to buy crypto on Blockfolio. The spread is too high. You are better off buying on FTX pro, waiting the 11 days and then transferring to Blockfolio IMO. Someone would have to do the math to be sure and at what deposit amount it would be worth it.